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LXI REIT PLC — AGM Information 2021
Mar 10, 2021
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Download source fileauthor: Anthony Lee
date: 2021-03-10 14:56:00+00:00
LXi REIT PLC
COMPANY No. 10535081
COMPANY LIMITED BY SHARES
INCORPORATED UNDER THE COMPANIES ACT 1985
This is to confirm that at the General Meeting LXI REIT Plc, duly convened and held at:
LXi REIT Advisors Limited,
10 Old Burlington Street,
London, W1S 3AG
On 10th March 2021
The following resolutions were passed. Resolution 1 was passed as an ordinary resolution. Resolution 2 was passed as a special resolution.
THAT the directors of the Company (the “Directors”) be and are hereby generally and unconditionally authorised, in addition to any existing authorities, pursuant to and in accordance with section 551 of the Companies Act 2006 (the “Act”) to exercise all the powers of the Company to allot new ordinary shares of one penny each in the capital of the Company (“New Ordinary Shares”), up to an aggregate nominal amount of £4,000,000 in connection with the Initial Issue and the Share Issuance Programme (both as defined and described in the circular to shareholders dated 18 February 2021 of which this notice forms part, the “Circular”), such authority to expire on 18 February 2022 (unless previously revoked or varied by the Company in general meeting), save that the Company may, at any time prior to the expiry of such authority, make an offer or enter into an agreement which would or might require New Ordinary Shares to be allotted and the Directors may allot New Ordinary Shares in pursuance of such an offer or agreement as if the authority conferred hereby had not expired.
THAT, conditional on the passing of Resolution 1 above, in addition to any existing authorities, the Directors be and are hereby empowered, pursuant to section 570 of the Act to allot New Ordinary Shares for cash pursuant to the authority referred to in Resolution 1 above as if section 561 of the Act did not apply to any such allotment provided that this power: (i) shall be limited to the allotment of New Ordinary Shares for cash up to an aggregate nominal amount of £4,000,000; and (ii) shall expire on 18 February 2022 (unless previously revoked or varied by the Company in general meeting), save that the Company may, at any time prior to the expiry of such authority, make an offer or enter into an agreement which would or might require equity securities to be allotted in pursuance of such an offer or agreement as if such power had not expired.